Alvotech Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	559.38	586.32	489.68	91.43	85.03	36.77
Revenue Growth (YoY)	-4.48%	19.73%	435.56%	7.54%	131.23%	-44.80%
Cost of Revenue	216.2	235.56	185.31	160.86	64.1	-
Gross Profit	343.18	350.76	304.37	-69.42	20.93	36.77
Selling, General & Admin	98.01	90.95	65.71	76.56	186.74	84.13
Research & Development	170.53	184.19	171.31	210.83	180.62	191.01
Other Operating Expenses	-2.62	-2.58	-2.3	-1.95	-0.04	-2.91
Total Operating Expenses	265.92	272.56	234.73	285.44	367.32	272.23
Operating Income	77.3	78.21	69.64	-354.86	-346.44	-235.46
Interest Income	105.6	198.49	80.15	4.82	2.55	51.57
Interest Expense	-154.46	-149.19	-303.17	-267.16	-188.42	-117.36
Other Non-Operating Income (Expense)	7.5	8.84	-64.19	-33.86	-19.34	152.05
Total Non-Operating Income (Expense)	-33.39	58.14	-287.21	-296.19	-205.21	86.26
Pretax Income	43.91	136.35	-217.56	-651.05	-551.65	-149.2
Provision for Income Taxes	124.64	108.43	14.3	-99.32	-38.07	-47.69
Net Income	-80.73	27.92	-231.86	-551.73	-513.58	-101.5
Net Income to Common	-80.73	27.92	-231.86	-551.73	-513.58	-101.5
Shares Outstanding (Basic)	294	290	268	227	198	111
Shares Outstanding (Diluted)	294	291	268	227	198	111
Shares Change (YoY)	6.25%	8.74%	17.90%	14.94%	78.65%	18.18%
EPS (Basic)	-0.29	0.10	-0.87	-2.43	-2.60	-0.92
EPS (Diluted)	-0.25	0.10	-0.87	-2.43	-2.60	-0.92
Shares Outstanding	312.05	312.02	301.81	266.82	248.65	13.48
Free Cash Flow	-171.6	-114.67	-290.5	-345.42	-350.27	-248.63
Free Cash Flow Per Share	-0.58	-0.39	-1.08	-1.52	-1.77	-2.25
Gross Margin	61.35%	59.82%	62.16%	-75.93%	24.62%	100.00%
Operating Margin	13.82%	13.34%	14.22%	-388.11%	-407.45%	-640.31%
Profit Margin	-14.43%	4.76%	-47.35%	-603.42%	-604.02%	-276.04%
FCF Margin	-30.68%	-19.56%	-59.33%	-377.78%	-411.95%	-676.14%
EBITDA	117.18	116.06	100.95	-330.65	-326.03	-217.26
EBITDA Margin	20.95%	19.79%	20.61%	-361.63%	-383.45%	-590.83%
EBIT	77.3	78.21	69.64	-354.86	-346.44	-235.46
EBIT Margin	13.82%	13.34%	14.22%	-388.11%	-407.45%	-640.31%
Effective Tax Rate	283.84%	79.52%	-6.57%	15.26%	6.90%	31.97%

Updated Mar 31, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q